ORI sells hotels, raises cash, but weak demand and high loan rejections weigh
Hotel sales and asset recycling boost cash ORI closed the sale of Staybridge Suites Sukhumvit for over 550 million baht, following the ibis Phuket Kata sale. This Build-Operate-Exit-Reinvest strategy brings in cash to fund new projects and repay debt, supporting the share price by showing the company can generate liquidity from its assets.
This is a major new event that directly improves ORI's cash position and validates its business model.
New bond issues and debt repayment strengthen finances ORI raised 800 million baht from new bonds and fully repaid 714.7 million baht of maturing bonds. Successful fundraising and timely repayment show bondholders still trust the company, easing worries about its debt load and supporting the stock.
These are fresh capital market actions that demonstrate financial health and access to funding.
Phuket expansion and 2028 profit target ORI plans to grow its Phuket portfolio to 30 billion baht by 2028 and targets net profit of 1.43 billion baht in 2028, up 42.6%. New projects and hotel developments in Phuket, plus a clear three-year plan, give investors a growth story beyond the current weak market.
This is a new strategic plan that outlines future growth and could lift investor expectations.
Weak housing demand and high loan rejections pressure sales Brokers cut ORI's profit forecasts due to weak housing demand and mortgage rejection rates above 40%. KGI rates ORI a Sell, and Tris warns floods worsen the property slump. ORI is pushing online sales and discounts to clear inventory, but the tough market remains a drag on the stock.
This is the main negative force, with multiple new reports highlighting demand weakness and its impact on ORI.